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Sep 3, 2016 8:21 AM in response to BigMoneyMakerby turingtest2,The password for the encrypted backup is stored on the phone. Remember it and you can turn off backup encryption. Otherwise you can restore as a new device and start over from scratch.
See About encrypted backups in iTunes - Apple Support for more details. You may be able to backup and then restore from iCloud.
See also Recover your iTunes library from your iPod or iOS device if there is media on this device that you haven't reclaimed from the old computer.
tt2